The Development of Modern Banking

Do you want to do well on your economics test? Do you think you understand section three well enough to score well? Did you pay attention when we taught you all this? Check if you actually know what you're talking about!

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What is your age?
Under 18 Years Old
18 to 24 Years Old
25 to 30 Years Old
31 to 40 Years Old
41 to 50 Years Old
51 to 60 Years Old
Over 60 Years Old
What is your gender?
Male
Female
1. What are National Bank Notes?
The currency created by the National Banking System
The pretty colored twenty dollar bills
The currency created by the people
2. What was the importance of the Federal Reserve System?
Gave the country some money
Made people happy
Gave the country a true bank
3. Despite the Fed, did banking massive banking failures occur during the Great Depression?
Yes
No
4. _________, high interest rates, inadequate financial reserves, and fraud reduced the number of S&Ls by half in the 1980's.
Gold
Deregulation
Silver
5. In what year did the National Banking Act end?
1821
1863
1929
6. What is the Fed abbreviated for?
The Financial Education Department
The Foreign Entities Development
The Federal Reserve System
7. What are NOW accounts?
a checking account type that can earn interest
A checking account type that give you a lot of money
A checking account with a checkbook
8. A credit union is _______
the people who call about money
a nonprofit organization that works for the benefit of its members
the company that works to take your money
9. A person or institution to whom money is owed is called what?
A buyer
A depositor
A creditor
10. The 1990's were marked as a period of what?
Conservatism
A lot of spending
Debt

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